(20 November 2019)GBP/USD Key resistance at 1.2930.

(20 November 2019)GBP/USD Key resistance at 1.2930.

20 November 2019, 08:56
Jiming Huang
0
59

gb
Pivot
 (invalidation): 1.2930
Our preference
Short positions below 1.2930 with targets at 1.2895 & 1.2870 in extension.
Alternative scenario
Above 1.2930 look for further upside with 1.2945 & 1.2970 as targets.
Comment
As Long as the resistance at 1.2930 is not surpassed, the risk of the break below 1.2895
remains high.

(By Swissquote TRADING CENTRAL)